Video | Business Headlines | Internet | Science | Scientific Ethics | Technology | Search


Sun Microsystems Invests In Asia Pacific

SolNet is the Independent Sales Organisation for Sun Microsystems in New Zealand.


Canberra -- September 25, 2000 -- Scott McNealy CEO and Chairman of Sun Microsystems, Inc. (SUNW) today announced plans to significantly increase investment focus in the Asia Pacific region through its newly formed Sun Asia Pacific Venture Investment Program. Sun is targeting US$50 million of investments through this program, and with co-investments from local partners, Sun expects the program to provide US$250 million in total investment capital for the region. Sun currently plans to implement the program through designated local venture capital partners in each selected country and will focus on early- to mid-stage Internet start-up companies.

"We are seeing entrepreneurial management, engineering talent and a supportive economic infrastructure for high-tech start-ups emerging across the Asia Pacific region," said Jonathan Schwartz, senior vice president of Corporate Strategy and Planning, Sun Microsystems. "As part of Sun's commitment to the region, we are increasing our investment in the local countries to further support this trend."

The Sun Asia Pacific Venture Investment Program is a significant long-term investment in the growth of local firms and development of local talent. Targeted investments will focus on Internet, communications and e-commerce enabling technologies and products that expand markets for Sun products and enhance Sun's technology development efforts. The investments made through this program will be complementary to the iForce(TM) initiative and Sun's program that have already provided millions of dollars of operational support to emerging Asia Pacific companies.

"Sun is already actively engaged in the region, and the Asia Pacific Venture Investment Program is a logical extension of the overall venture activities that were initiated about one year ago," said Schwartz. "We look forward to deepening our relationships with APAC venture capital firms and becoming a more active participant in the APAC venture capital market."

Sun plans to begin discussions with local venture capital groups immediately in several countries including Japan, Korea, Taiwan, and Australia. Funding in other countries are expected to follow. These investments will be an extension of the US$400 million in venture investments Sun has previously announced. Those funds have been invested primarily in U.S.-based companies.

APAC venture capital firms should contact Thomas Schroeder at 1-650-336-0685 or with any questions. To submit start-up company investment proposals, please visit the Sun web site at

About Sun Microsystems, Inc.

Since its inception in 1982, a singular vision -- The Network Is The Computer[tm] -- has propelled Sun Microsystems, Inc. (Nasdaq: SUNW), to its position as a leading provider of industrial-strength hardware, software and services that power the Internet and allow companies worldwide to dot-com their businesses. With US$15.7 billion in annual revenues, Sun can be found in more than 170 countries and on the World Wide Web at

# # #

Sun, Sun Microsystems, the Sun Logo, iForce and The Network Is The Computer are trademarks or registered trademarks of Sun Microsystems, Inc. in the United States and other countries.

For further media information: contact Diana Nikolic, Marketing Communicatins Manager 02 9844 5244

Diana Nikolic - Marketing Communications Manager SUN Microsystems 828 Pacific Highway GORDON 2072 NSW AUSTRALIA

Tel: 02 9844 5244 x 57244 Fax: 02 9418 2023 Mobile: 0412 257 330 Email: On#sun editor:

© Scoop Media

Business Headlines | Sci-Tech Headlines


Manawatu-Whanganui Projects: PGF Top-Up To Rural Broadband Roll-Out

The government has effectively raided the $3 billion Provincial Growth Fund to top up the budget for the second phase of its rural broadband initiative, filling in mobile 'black spots' and ensuring broadband is available to marae that don't have access now. More>>


Other Windy Cities: Auckland-Chicago Named A Top 10 ‘Most Exciting’ New Route

The inclusion of Auckland-Chicago on Lonely Planet’s Where to fly in 2019? The 10 most exciting new flight routes list comes just two weeks before Air New Zealand prepares to celebrate its inaugural flight to Chicago’s O’Hare International Airport on 30 November. More>>

Deadly Strain: ESR Ups Its Reporting On Meningococcal Disease

The increasing number of cases of Group W Meningococcal disease (MenW) has prompted ESR to increase its reporting on the disease to the Ministry of Health. ESR has upped its reporting to weekly. More>>


Very Small Things: "Game-Changing" 3D Printing Technology Launched

New Zealand microfabrication researchers Andrea Bubendorfer and Andrew Best, the co-inventors of a new way of fabricating very small things with Laminated Resin Printing (LRP), are part of Callaghan Innovation’s MicroMaker3D team launching the new patent pending technology in the US this week. More>>